Managers from Investec, BlackRock, Standard Life Investments and other top groups give us their views.
Bradley George Co-portfolio manager, Investec Global Gold fund We expect that near term macro uncertainty should push gold prices higher driven by investment demand, as central banks and individuals buy more gold to diversify dollar reserves – we expect the dollar to further depreciate given the US credit rating downgrade and quantity of debt. Gold and other hard assets should also protect against inflationary concerns as inflation persists in the OECD and emerging markets providing further support to prices. Looking at gold equities, these have derated during 2011 even though the go...
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